Today’s Flash Services & Flash Manufacturing PMI

Today’s Flash Services & Flash Manufacturing PMI

Investors face yet another interest rate hike as the Bank of England raised interest rates by 50 basis points on Thursday, as expected.  The central bank raised rates to 3.50% from 3.0% previously.

The ECB followed the Bank of England’s lead, and raised rates by 50 basis points. It struck a more hawkish tone than the Bank of England, warning there will be further “significant” rises to come.

The Swiss National Bank (SNB) also lifted its SNB Policy rate to 1% from 0.5% as was widely expected. 

The focus today remains on economic activity and whether we are going to see further weakness in the latest flash PMIs from Europe, UK and the US, as well as UK retail sales for November.

Starting with UK retail sales, forecasts are for a modest slowdown from the 0.6% gain in October with gains of 0.3%, while flash manufacturing and services PMIs are expected to come in at 46.5 and 48.5 respectively.

France and Germany flash PMIs are also expected to remain weak with France manufacturing expected to slow to 48.1, and services to 49.1, while German manufacturing and services activity is forecast to bump along the bottom at 46.3 and 46.1 respectively.

The final EU CPI numbers for December are expected to be confirmed at 10% on the headline and 5% on core prices.

Friday 16th December High Impact Events

The times below are GMT+2

  • 09.00 – UK – Retail Sales m/m

Potential instruments to Trade: GBP Crosses. 

  • 10.15 – Europe – French Flash Services PMI, Flash Manufacturing PMI

Potential instruments to Trade: EUR Crosses. 

  • 10.30 – Europe – German Flash Services PMI, Flash Manufacturing PMI

Potential instruments to Trade: EUR Crosses. 

  • 11.30 – UK – Flash Services PMI, Flash Manufacturing PMI

Potential instruments to Trade: GBP Crosses. 

  • 16.45 – US – Flash Services PMI, Flash Manufacturing PMI

Potential instruments to Trade: USD Crosses.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038].

To find out more about Errante, visit https://errante.io/.

 
×

Search